in News Departments > Projects & Contracts
print the content item

EDP Renovaveis SA (EDPR) has entered into an agreement with China Three Gorges International (Hong Kong) Co. Ltd., a fully owned subsidiary of China Three Gorges, to sell a 49% equity shareholding and 25% of the outstanding shareholders loans in EDP Renovaveis Portugal SA for a total consideration of 359 million euros.

The transaction scope covers 615 MW in operation, with an average age of six years, as well as 29 MW of ready-to-build projects, remunerated under a feed-in-tariff regime. During the last 12 months, EDPR’s EBITDA and net profit in Portugal amounted to 116 million euros and 43 million euros, respectively, while total net fixed assets totaled 558 million euros as of September. EDPR says it will continue to fully consolidate the assets.

The transaction is subject to the customary regulatory approvals, with closing expected to occur in the first half of 2013.



IowaDeptEconDevel_id1863

Trachte Inc._id1770
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

UEA_id1896
Acciona_id1907
WomenofWind_id
JLG_id1900
AWEA_id1886
bonfiglioli_id1913